They still have $3.66 million in the bank guys. No a raise is not imminent and shit results wouldn’t even be a factor yet. We still have enough money to undertake a fair bit more exploration before a raise is needed.
besides who would they be kidding to think they can raise again when absolutely nothing has been added value since the last hand out. Waratah would be spewing about the mismanagement of their capital. Basically giving Ron millions so he can only draw it down via his salary wouldn’t have been on their agenda when they invested.
Ann: Half Yearly Report and Accounts, page-9
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